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Tag "fiduciary"

When Do 401k Plan Sponsors Usually Adopt an Investment Policy Statement?

    When Do 401k Plan Sponsors Usually Adopt an Investment Policy Statement?

The Investment Policy Statement is a legal plan document. It needs to be treated accordingly. This means to deliberate it with diligence before adopting it. Even when it is adopted, it must be regularly inspected and revised as needed.

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Who Is Generally Responsible For Designing, Detailing, And Approving The 401k IPS?

    Who Is Generally Responsible For Designing, Detailing, And Approving The 401k IPS?

There are many different types of plans, particularly when plan sponsors pick a 3(21) or 3(38) adviser. Which service provider arrangement a plan sponsor chooses impacts how the IPS will be constructed – and how the relevant parties contribute to that draft.

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5 Critical Elements Every 401k IPS Must Contain to Achieve Its Primary Purpose

    5 Critical Elements Every 401k IPS Must Contain to Achieve Its Primary Purpose

Including these will make 401k plans safer for plan sponsors and more successful for plan participants.

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What is the Primary Purpose of a 401k IPS?

    What is the Primary Purpose of a 401k IPS?

Unlike a generic vendor agreement, the IPS is a formal plan policy document that defines the parameters between the plan and relevant vendors. This is why it can also be a terrible trap.

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Why Are We Seeing More Cases of “Fear of Spending” Among Retirees?

    Why Are We Seeing More Cases of “Fear of Spending” Among Retirees?

Perhaps, just as plan sponsors have developed onboarding programs for new hires when it comes to saving for retirement, maybe they should add “unboarding” programs as a bookend for those nearing retirement.

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Should a Plan Sponsor Adopt a 401k Investment Policy Statement?

    Should a Plan Sponsor Adopt a 401k Investment Policy Statement?

Whether a plan sponsor decides to adopt a 401k IPS remains an open question. It’s not a question that should be treated casually. Every plan situation is different. Plan sponsors therefore must conduct a thorough due diligence to determine what’s best for their plan.

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What is a 401k Investment Policy Statement (IPS)?

    What is a 401k Investment Policy Statement (IPS)?

Although we’ve seen a broader acceptance of using an IPS, their use is by no means universal and particularly lacking among smaller employers. Perhaps there’s a realization that, if you don’t get the IPS right, you’ll only increase your liability.

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The 5 Biggest Worries of 401k Plan Sponsors and What To Do About Them

    The 5 Biggest Worries of 401k Plan Sponsors and What To Do About Them

When you’re not an expert in an important job that you need done, what do you do?

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How to Address Top Fiduciary Issues for Trade Associations Sponsoring 401k MEPs

    How to Address Top Fiduciary Issues for Trade Associations Sponsoring 401k MEPs

It appears all but certain the floodgates will soon open wide, unleashing a torrent of trade association sponsored 401k MEPs. If you’re looking for the trigger that will open those floodgates, here’s what you should be paying attention to.

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Fiduciary Lessons from Ken Fisher Fallout

    Fiduciary Lessons from Ken Fisher Fallout

Therein lies the conundrum. In the current environment, it may be far easier to overlook the failure to meet benchmarks with adequate consistency than it is to ignore the du jour ad hoc definition of woke.

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